Eagle, a provider of equity and fixed income investment strategies for institutional and individual investors, today announced that it has completed its integration of family heritage asset management mutual funds. This strategic reorganization improves business separately managed accounts with Eagle line of mutual and money market funds, now known as the Eagle family of funds and increases the firm's assets under management to about 17 billion dollars as of October 31, 2008. Before you start as an investment advisor, asset management many of subadvised heritage Eagle mutual funds. Portfolio management relationships remain the same under the brand name of an eagle. There were no changes in personnel and administrative reorganization.
"Integration is an exciting step forward for an eagle as investors look for more effective ways to access to retail, institutional and products platform for 401 (k)," said Richard Riss, CEO of Eagle asset management, commenting on the statement. "The Restructuring allows us to offer a wide range of institutional and retail investment strategies and funds financial advisers and investors under a single brand name of Eagle. "The combination of immediately expanding Eagle's product line and gives us a broader sales distribution network, allowing our wholesalers offer retail and institutional products in our online brokerage platforms," said Stephen Hill, President of Eagle asset management.
"We believe this move positions Eagle very well for continued success and growth in the future as the industry continues to consolidate." The newly formed Eagle family of funds offers retail, institutional and pension share classes for several strategies, including: Eagle Mid Cap Growth Fund, Eagle large Cap core fund, Eagle Mid Cap Equity Fund Small Cap Growth Fund, Eagle, Eagle Small Cap Core Fund value (which is open November 3, 2008 and subadvised Eagle Boston investment management), Eagle capital appreciation Fund (subadvised, Goldman Sachs Asset Management) and income growth Fund Eagle (subadvised Thornburg investment management) and international equity fund Eagle (subadvised Artio global management). Subadvisory relationships do not change under the Eagle. Heritage cash trust money market fund and Municipal Heritage money market fund has become part of the Eagle family of funds in November 1, 2008, but will keep their existing names until May 1, 2009. At the same time, funds will be renamed Eagle and Eagle money market fund Municipal money market fund.
About Eagle Asset Management
Eagle asset management, founded in 1976, provides a wide range of equity and fixed income investment strategies of the various individual and institutional customers, both domestically and internationally. In November 2008, the Eagle became an investment adviser assets management heritage heritage family of funds, now known as the Eagle family of funds. Eagle currently has more than $ 17 billion under management in individual accounts, mutual funds, variable annuity products and money market funds.
Please consider the investment objectives, risks, charges and expenses of any fund carefully before investing. Contact Eagle fund services at 800-421-4184 or your financial advisor for a prospectus, which contains this and other important information about the funds. Carefully read the prospectus before you invest or send money.
Not FDIC insured. No bank guarantee. May lose value.
Eagle Fund distributors, Inc., Member FINRA
880 Carillon Parkway | St. Petersburg, FL 33716
Eagle Asset Management provides institutional & individual investors with an array of equity, fixed-income products & to meet long-term goals. We deliver superior, risk-adjusted returns through the two separately managed accounts & mutual fund platforms.